Management Information Systen Use by Kfc

Management k directledge system use by KFC Management learning Systems (MIS) is the term given to the discipline focused on the integ dimensionn of figurer systems with the aims and objectives on an organization. Each KFC verbotenlet use MIS in accounting, knowing production, and very(prenominal) useful in formulating HR policies which helps them to rate their employees. The development and management of information technology tools assists executives and the general realizeforce in performing any tasks colligate to the functioninging of information.MIS and business systems are especially useful in the sting of business data and the production of reports to be used as tools for ending making. With computers being as ubiquitous as they are today, theres hardly any large business that does not rely extensively on their IT systems. However, there are several specific fields in which MIS has become invaluable. MIS systems great dealful be used to transform data into informa tion useful for decisiveness making. Computers ordure provide financial statements and performance reports to assist in the planning, observe and implementation of strategy.MIS systems provide a valuable function in that they can collate into coherent reports unmanageable volumes of data that would otherwise be mostly useless to finality makers. By studying these reports decision-makers can identify patterns and trends that would lose remained unseen if the barren data were consulted manually. MIS systems can also use these raw data to run simulations hypothetical scenarios that answer a range of what if questions regarding conversions in strategy.For instance, MIS systems can provide predictions ab turn out the effect on sales that an alteration in price would have on a product which is very useful for KFC future development. These Decision Support Systems (DSS) enable much intercommunicate decision making within an enterprisingness than would be possible without MIS syst ems. not only do MIS systems allow for the collation of vast amounts of business data, exclusively they also provide a valuable time saving earn to the workforce.Where in the past business information had to be manually processed for filing and analysis it can now be entered quickly and substantially onto a computer by a data processor, allowing for faster decision making and quicker reflexes for the enterprise as a whole. Management by Objectives While MIS systems are extremely useful in generating statistical reports and data analysis they can also be of use as a Management by Objectives (MBO) tool. MBO is a management process by which managers and subordinates tot up upon a series of objectives for the subordinate to attempt to achieve within a set time frame.Objectives are set using the SMART ratio that is, objectives should be Specific, Measurable, Agreed, Realistic and Time-Specific. The aim of these objectives is to provide a set of trace performance indicators by whic h an enterprise can judge the performance of an employee or project. Benefits of MIS The field of MIS can deliver a great many benefits to enterprises in every industry. Expert organizations such as the Institute of MIS along with mate reviewed journals such as MIS Quarterly continue to find and report saucy ways to use MIS to achieve business objectives.KFC s Core Competencies any market leading enterprise will have at least(prenominal) one core competency that is, a function they perform reveal than their aspiration. By building an exceptional management information system into the enterprise it is possible to push out ahead of the competition. MIS systems provide the tools necessary to assimilate a better understanding of the market as well as a better understanding of the enterprise itself. Enhance Supply concatenation Management Improved reporting of business processes leads inevitably to a more streamlined production process.With better information on the production p rocess comes the ability to ameliorate the management of the supply chain, including everything from the sourcing of materials to the manufacturing and distribution of the finished product. dissipated Reflexes As a corollary to modify supply chain management comes an improved ability to reply to changes in the market. Better MIS systems enable an enterprise to react more quickly to their environment, enabling them to push out ahead of the competition and produce a better service and a larger fraction of the pie.These factors help KFC to work smoothly and efficiently as we already cognise that they are the only fast food chain which is selling heat chicken in which they are specialized. MIS systems let the KFC management To capture information and store it, whenever they are making bills it helps them to count sales per day, per week and per calendar month because a copy of the bill is stored in the computer. Access stored information comfortably and manipulate it for the n eeds of their clients while billing or taking guild they just enter the code of the product requested at that time and the quantity demanded.Eg-Product code Product name Product price (in Rs. ) 01 humiliated Coke 20 02 Medium nose candy 35 03 outsize coke 45 04 Small coke+ Lollipop Chicken 65 05 fry Chicken tub(small) 105 06 Small French Fries 25 07 Large Fries 45 08 Chicken Burger 25 09 Fried Chicken tub(large) cxlv 10 Veg. Burger 20 In KFC the above mentioned kind of information is stored in each computer that they use to maintain is SAP-sale module . They given codes to their 45 products just by entering the code the product name comes out with cost on the screen. Control flow of information into, around and out of the systems. Work within legislation such as the Data shield Act. Manage resources this is a very important function as every day inventory is recorded and therefore resources could be managed. Produce reports for themselves so that they can compare their own performances with their own and other. Maintain records needed for attribute control so that the success story of all the employees can be appraised. Respond confidently to the demands of the Common Inspection Framework MIS help them because they now easily check when the last stocking was done. Manage and track employee records of work, achievement and feeler for promotions. Record and track outcomes. Manage marketing information to further improve sales.. And a host of other information related functions. If Management study Systems are flexible, and relate to the needs of the organization, the clients and the curriculum that they are delivering, then they work well and effectively. One has to be sure that, whatever systems you use, they suit your purposes and can be customized to do so, are easy to use and allow rapid data entry with rapid and flexible access for reporting purposes.